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From the Chairman |
May 2004 Issue ![]()
Hong Kong companies are starting to
loosen their purse strings to spend on IT products and services that they had been putting
off until the economy improved. Now that the local and global economies look healthier
than they have for some years, businesses are optimistic about their future prospects and
that IT can help them make the most of the return to the good times.
Many SMEs are now taking steps to raise their competitiveness by implementing business intelligence systems The ongoing quest for cost efficiency, enhanced customer relationship's and new markets has resulted in unprecedented growth in the Business Intelligence (BI) services sector over the past few years. In view of the overwhelming importance of BI to companies, the deployment of BI application infrastructure -- ERP systems -- is vitally important. More >>
The latest World Economic Forum Global Competitiveness Report once again ranks Hong Kong among the most competitive economies in the world. While the overall ranking slipped from 22nd to 24th, two important changes need to be kept in mind. First, the authors revamped the way in which government involvement in the economy is assessed. Second, the number of countries surveyed rose from 80 to 102. More >>
I nvestments in China rose 26.7 percent in 2003, the largest single increase in a decade. The surge prompted Premier Wen and the Central Bank to raise their concerns about China's economy overheating. More >>
Over the 21 years since I joined British Airways, the international passenger market has grown by an annual average of more than 6 percent and freight, by 7.5 percent. This means that passenger demand has tripled over that period and the cargo market has quadrupled. A pretty steady business, you would think. More >>
Users of the online trading platform eBay traded US$28 billion worth of goods last year. That breaks down to US$77 million per day or US$894 per second. Impressive as these figures are, Meg Whitman, CEO and President of eBay, reckons this is just the tip of the iceberg, as the number of online transactions is expected to skyrocket from 1.6 trillion in 2003, to 7.1 trillion in 2007. More >>
No matter how careful or prudent your financial management, it is almost certain that you will eventually become involved in a financial dispute. That is, a dispute as to money and, in particular, who should be paying whom and how much. More >>
In recent months, hardly a day has gone past without American businesses coming under fire for outsourcing jobs to China and India. Such critics miss the real issue, which is the need to correct inequities in bilateral trading relations and address issues of market access -- rather than hamstring the ability of U.S. companies to utilize the advantages offered by countries such as China. More >>
Hong Kong holds the dubious honour of being the last major economy in Asian to establish a technology park. Japan, Taiwan, Korea, India, Thailand ... and Malaysia have all firmly established themselves on the technology-park map and now the Hong Kong Science and Technology Park (HKSPT) aims to catapult the territory to the front of the pack. More >>
Few software companies can claim to have sold more software than Microsoft. Yet for Symantec, which shipped more Norton AntiVirus packages in September last year than Bill Gates shipped Windows, the achievement highlights the growing concern about online security issues. More >>
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